Inflation, GDP deflator: linked series in Bhutan
Bhutan: Inflation, GDP deflator: linked series was 3.2% in 2025. ▼ Falling
Inflation, GDP deflator: linked series in Bhutan, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in Bhutan is 3.2%, measured in 2025.
That represents a change of down 32.4% on the previous year and down 1.7% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Bhutan peaked at 12.9% in 1997 and was at its lowest, 1.2%, in 2018.
Bhutan ranks 112th of 212 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Inflation, GDP deflator: linked series in Bhutan, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 6.2% | — |
| 1991 | 8.9% | +44.1% |
| 1992 | 8.9% | -0.2% |
| 1993 | 8.5% | -4.6% |
| 1994 | 12.3% | +45.0% |
| 1995 | 8.3% | -32.9% |
| 1996 | 8.1% | -2.1% |
| 1997 | 12.9% | +59.1% |
| 1998 | 10.7% | -17.1% |
| 1999 | 6.2% | -42.3% |
| 2000 | 7.4% | +19.1% |
| 2001 | 5.3% | -27.4% |
| 2002 | 5.2% | -3.2% |
| 2003 | 3.6% | -29.8% |
| 2004 | 4.3% | +19.9% |
| 2005 | 6.5% | +49.1% |
| 2006 | 6.6% | +1.5% |
| 2007 | 4.7% | -28.7% |
| 2008 | 5.6% | +19.6% |
| 2009 | 4.4% | -21.1% |
| 2010 | 8.3% | +88.2% |
| 2011 | 8.9% | +6.6% |
| 2012 | 8.6% | -2.7% |
| 2013 | 6.2% | -28.6% |
| 2014 | 5.7% | -7.2% |
| 2015 | 3.2% | -43.9% |
| 2016 | 4.0% | +26.1% |
| 2017 | 4.3% | +7.4% |
| 2018 | 1.2% | -73.5% |
| 2019 | 3.1% | +170.1% |
| 2020 | 5.3% | +70.1% |
| 2021 | 7.6% | +44.3% |
| 2022 | 5.8% | -24.0% |
| 2023 | 4.4% | -24.0% |
| 2024 | 4.7% | +6.0% |
| 2025 | 3.2% | -32.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.1% | 6.2% | 12.9% | 10 |
| 2000s | 5.4% | 3.6% | 7.4% | 10 |
| 2010s | 5.4% | 1.2% | 8.9% | 10 |
| 2020s | 5.2% | 3.2% | 7.6% | 6 |
Countries ranked near Bhutan
- 109 Cote d'Ivoire 3.2% compare
- 110 Micronesia (country) 3.2% compare
- 111 Isle of Man 3.2% compare
- 113 Austria 3.2% compare
- 114 South Korea 3.1% compare
- 115 Paraguay 3.1% compare
More financial sector data for Bhutan
- Net domestic credit (current LCU), per capita 306,653 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 68.25 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 16.95 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 263,028 SDR (2025)
- Gold reserves at market value 23.97 million SDR (2025)
- Reserves excluding gold, foreign exchange 816.98 million SDR (2025)
- Reserves excluding gold 847.75 million SDR (2025)
- Total reserves (gold at market value) 871.71 million SDR (2025)
- Total reserves (gold at national valuation) 871.63 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,094 SDR per person (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Bhutan?
- Inflation, gdp deflator: linked series in Bhutan was 3.2% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Bhutan?
- The highest recorded value was 12.9% in 1997.
- What is the lowest inflation, gdp deflator: linked series recorded in Bhutan?
- The lowest recorded value was 1.2% in 2018.
- How does Bhutan rank for inflation, gdp deflator: linked series?
- Bhutan ranks 112th out of 212 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Bhutan?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is falling.
- Where does this Bhutan data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.